Unit 1 Applied Business: Investigating People At Work

1. businesses which have been established with at least 2 shareholders with at least £50,000 worth of shares issued. (6, 7, 7)
4. A partnership is an agreement between two or more people to finance and operate a business (11)
7. Two main factors: Hygiene Factors such as: Company policy and administration - Wages, salaries and other financial remuneration - Quality of supervision - Quality of inter-personal relations - Working conditions - Feelings of job security (8)

2. A business owned and controlled by one person who takes all the decisions, responsibility and profits from the business they run (4, 6)
3. Three Key Points: Humans are like machines, employees are motivated by money, employees should be paid according to piece rate (6)
5. Three Key points: Employees worked harder with positive attention, Workers should socialize inside and outside of work, Management should include employees in decision making. (4)
6. Hierarchy of needs: physiological needs, safety needs, social needs, self esteem and self actualization (6)
8. Motivator Factors: Status - Opportunity for advancement - Gaining recognition - Responsibility - Challenging / stimulating work - Sense of personal achievement & personal growth in a job (8)

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